The Property Tax Code states that all property is taxable if it is located in Texas.
Now, before you start wondering how behind you are in taxes because you didn’t pay property tax on your computer or carpet or carbureator, the tax code continues: all property is taxable unless there is an exemption.
Fortunately, there are quite a few exemptions available. Yes, even ones to cover your keyboard.
The exemptions that apply to most of us are:
- Residence homestead. For the property you live in.
- Family supplies for home use
- Tangible personal property
- Motor vehicle for personal activities or used to produce income
Most of these common exemptions don’t require you to even apply for the exemption–you automatically get it.
So take a deep breath and relax–you don’t have to pay property tax on your dining table. At least, not here in Texas. Other states, we can’t vouch for, though we’ve heard horror stories.
